Interest Rates

With home loan interest levels hitting record lows so often recently, some are questioning if we’ll see very low rates continue throughout 2021, or if they’ll begin to rise. Recently, Freddie Mac pc unveiled their quarterly forecast, noting: “The common 30-year fixed-rate mortgage hit an archive low over twelve times in 2020 and the low interest environment is projected to keep through this...

Historically low home loan rates certainly are a big motivator for homebuyers at this time. In 2020 alone, costs hit new record-lows 16 periods, of the year and the trend continued in to the early part. A lot of hopeful homebuyers are actually wondering should they should place their ideas on hold and await the cheapest rates imaginable. Even so, the reality is, acting eventually could be the actual...

If spending additional time at home in the last year is causing you to think hard about buying a house rather than renting one, you’re not by yourself. You might be wondering, on the other hand, if the money and cents accumulate on your side as home rates continue steadily to rise. Based on the experts, oftentimes, it’s less expensive to buy a house than rent one still. Why here’s. ATTOM Data...

Over days gone by year,|year -- Finish OF URL SHORTENER Switch --> Over days gone by, mortgage rates have fallen greater than a total percentage point, hitting a fresh historic low 15 instances. This is a wonderful driver for homeownership, as today’s low prices provide customers with some significant positive aspects. A glance at three of these here’s. 1. Move-up or Downsize: One option would...

There’s without doubt 2020 is a challenging year.|12 months -- END OF URL SHORTENER BUTTON --> There’s without doubt 2020 is a challenging.} A global pandemic in conjunction with an economic economic downturn has brought on heartache for most. However, it provides prompted more Us citizens to reconsider this is of “home also.” This search for a location better equipped to satisfy our needs,...

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains: “Home sales traditionally taper...

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We’re halfway with the year, and with a decline within interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half 2019. Here’s what some say: Danielle Hale, Main Economist at realtor. com “Lower mortgage rates, higher wages and more homes for sale have helped...

Shifting trends and industry-leading analysis are pointing toward some beneficial projections about the status of the housing industry for the rest of the year. If you’re thinking of buying or selling, or even if you just want to know what experts are saying is on the horizon, here are the top 3 things to put on your radar even as we head into the coming months: Home...

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a property. Here are three major reasons to purchase today. 1 . Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However...

A few Highlights: Interest rates are projected to increase steadily heading into 2020. The greater your interest rate, the more money you can be paying for your home and the higher your own monthly payment will be. Rates are still low right now – do not wait until they hit 5% to start searching for your dream home! You...

With the recent lower rates of interest, many homeowners are wondering should they should refinance. To decide if refinancing is the best option for your family, start by thinking about these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest rate and...

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:Freddie Mac“While full...

Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.9% according to CoreLogic.Waiting until next year to buy could cost you thousands of...

Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Source: Keeping Current...

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%....